News

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies has increased from £119 billion on 30 June 2016 to £139 billion at the end of July, according to latest data.

The liquidator of a multi-million pound hedge fund who raised an action against the company’s solicitors alleging that the firm “breached its fiduciary duties” to its client will be able to pursue its claim. A judge in the Court of Session ruled that the averments of the pursuer Paul Duffy, a

Cat MacLean

EY has taken over the running of Dundee-based specialist engineering firm Galloway Group after the firm was placed into administration having been “under considerable pressure” for a number of years.

Angela Haig EQ Accountants, which employs more than 100 staff across its offices in Dundee, Cupar, Forfar and Glenrothes, has taken its partner count up to 16 following the appointment of Angela Haig.

Aberdeen Asset Management has completed the process of rebuilding liquidity levels in its UK Property Fund and the Aberdeen UK Property Feeder Unit Trust after they were hit by the impact of the UK’s vote to leave the EU.

Sue Dawe The UK’s financial services industry is facing a period of slower economic growth and market uncertainty as the Brexit decision impacts on both consumer confidence and business investment in the short to medium term, according to the latest EY ITEM Club outlook for financial services.

Law firm Morton Fraser, which operates throughout the UK from offices in Edinburgh and Glasgow, employing over 270 people, has grown substantially in the last three years, in line with its growth strategy. The firm has increased revenues by 42 per cent in the last three years, hitting £19.37 milli

James Chadwick James Chadwick is head of food & drink, Scotland at Grant Thornton UK

Two former executives of the Anglo Irish Bank have been jailed in Dublin after being convicted of fraud after misleading depositors, lenders and investors by making the bank's corporate deposits look larger than they were.

Accountancy firm Johnston Carmichael has announced itself as gold level sponsors for the August 14 charity Kiltwalk on Speyside.

David Hoey Over eighty of the UK’s leading directors from across the country, including five from Scotland, have been shortlisted for the Institute of Directors’ annual Director of the Year Awards Finals.

Stephen Martin The Institute of Directors has announced that Stephen Martin, currently chief executive of the Clugston Group, has been selected to replace Simon Walker as the body's director general, when Mr Walker's term of office ends towards the end of this year.

Levels of commercial property take-up in Glasgow city centre and its out-of-town market were well above the five-year quarterly average despite uncertainty created in the lead up to the EU Referendum vote, according to Bilfinger GVA.

The percentage of the Edinburgh workforce with a degree level qualification or equivalent is higher than any other major UK city and has risen again, to 55 per cent.